CoverageCorp.com, a direct Internet provider of property and casualty insurance coverage for small and medium-sized business, and Microsoft bCentral have announced an agreement to offer CoverageCorp.com’s products to bCentral’s customers. Businesses that access www.CoverageCorp.com or its partners can obtain quotes …
Nationwide Financial Services, John Hancock and American Skandia all have new chief executive officers, the respective companies announced today. Nationwide, the No. 10 U.S. life insurer and annuity seller, has hired W.G. “Jerry” Jurgensen, a former executive of Bank One …
goapply.com, a fully transactional financial services web site, will host web sites for insurance agents nationwide. Agents will be provided with goapply.com’s menu of products and the opportunity to participate in e-commerce. Agents will be able to design their own …
A new e-commerce site designed to empower business executives with the ability to purchase business insurance through a reverse auction has launched. The reverse auction is fully operational and supported by several “A” rated national insurance companies. TheinsuranceXchange.com is an …
Norway’s Skuld Insurance Group has offered a $3.3 million compensation package to the families of the16 victims and to the 69 survivors of the sinking of the catamaran ferry, Sleipner, which hit a reef and sank near Boemla Island 250 …
When Indian President K.R. Narayanan signed landmark legislation last January, opening India’s insurance market to foreign competition, he unleashed a potential revolution in the highly regulated sector. While not freeing the market entirely from local control—foreign insurers are limited to …
Federation Francaise des Societes d’Assurance (FFSA) president Denis Kessler said yesterday that the loss estimates from last winter’s storms, Lothar and Martin, would top 45 billion francs ($6.4 billion) exceeding the original estimates by more than a third. Kessler offered …
The operators of a Lowell, Mass. medical clinic catering to patients claiming injuries from automobile accidents have pled guilty to charges of operating a scheme to defraud automobile insurance providers between 1993 and 1997. Magdalena Dino, 62, and her son, …
Pennsylvania Gov. Tom Ridge has signed tax legislation providing a premium tax offset for property and casualty insurers, ensuring that the state’s guaranty fund system remains viable. Pennsylvania joined 18 other states that currently have premium tax offsets in place. …
A.M. Best Co.’s year-end review of insurance carriers with concentrated exposure to the volatile California workers’ comp market culminated in the downgrades of three large carriers in this market over the past two weeks: State Compensation Insurance Fund of California; …
